There’s a battle brewing in payments. A big one. It’s the Feds versus the Free Marketeers, and the feud between them is over whose real-time payments (RTP) rails will rule them all. Get the Full Story Complete the form to unlock this article and enjoy...
Persuading the 11,000+ financial institutions (FIs) in the U.S. to integrate with a new real-time payments rail is a tough ask, especially when speed of payment is no longer enough to win over their clients, says The Clearing House Senior Vice President of Products and...
Real-time payments are imperative for running successful operations in today’s global ecosystem. Digital payments sent internationally are expected to move past $1 trillion in 2025, but getting to that point will require support from payment providers, regulators and other such firms still building out the...
All of the banks in Aruba have switched to instant payments (IP) through the use of the Clearing and Settlement Mechanism (IP CSM) of the Centrale Bank van Aruba (CBA), according to a release. Get the Full Story Complete the form to unlock this article...
The Hungarian Central Bank (MNB) has introduced an instant payment system that allows for bank transfers in seconds at any time of the day, according to a report. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
It’s not just the speed of payments that’s important, but also the data that payment operators gain as more consumers use faster forms of digital and mobile transactions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
The cost of college tuition is skyrocketing across the country, and the financial burden falls on many parents and students. Legacy college tuition payment methods, such as personal checks or credit cards, can be slow and costly, adding to many families’ frustrations. Parents and higher...
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When 98,000 U.S. public schools send paper-based invoices to parents for expenses like field trips, they often get paid with cash or checks. In the latest Faster Payment Tracker, Jerry Banks, CEO of educational transaction processing platform Bursari, discusses how digital invoicing and mobile payments...
